June 1, 2015
A federal jury in the Northern District of Texas found Martin Cantu, a lawyer from Round Rock, Texas, guilty of two criminal charges in connection with an alleged conspiracy to deceive potential investors about the business of Connect-a Jet, according to an FBI Press Release.
Cantu and co-defendant Jason Wynn were charged in a 2013 indictment alleging that they conspired to issue public statements and ads about Connect-a-Jet that contained sales and misleading statements designed to increase demand for the company’s stock. Cantu made over $500,000 in profit on the stock and Wynn made over $2.5 million profit.
According to the release, Wynn, a stock promoter from Lantana, Texas, pleaded guilty in April 2015, to a conspiracy charge and is awaiting sentencing.
Cantu faces 5 years on one of the counts and 20 years on the other.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
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